# US soybean futures riding high on weather concerns, tight Brazilian supplies | S&P Global

> US soybean futures rose to their highest level in seven years, with the CBOT May contract near $14.91 per bushel, up about 86% year on year. The rally followed forecasts of cold weather and snow across the Plains and Midwest that would delay US planting, and it was also supported by tight Brazilian supplies.

- Date: 2021-04-21 · published 2021-04-21T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/11176-us-soybean-futures-riding-high-on-weather-concerns-tight-brazilian-supplies-s
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Delayed planting raises the risk of yield losses during the August maturation phase, which would tighten US soybean supplies and support feed-protein prices. Limited Brazilian availability adds further upward pressure on soybean prices.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-07-18 | [U.S. grains: Soybean futures set two-week high on US weather worry, soyoil rally \| The Western Producer](https://feedsoft.ai/events/23828-u-s-grains-soybean-futures-set-two-week-high-on-us-weather-worry-soyoil-rally.md) | -1.7% | -1.3% |
| SOY | 2017-06-07 | [Corn, soybeans higher on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/70428-corn-soybeans-higher-on-weather-concerns-brownfield-ag-news.md) | +1.0% | +5.7% |
| SOY | 2021-04-26 | [Corn futures jump to a 7-year high on supply concerns](https://feedsoft.ai/events/9399-corn-futures-jump-to-a-7-year-high-on-supply-concerns.md) | +2.0% | -0.9% |
| SOY | 2017-07-27 | [Drier Weather Pushes Grain, Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/7124-drier-weather-pushes-grain-soybean-futures-higher-fox-business.md) | -2.3% | -5.4% |
| SOY | 2024-05-06 | [U.S. grains: Wheat, soy, corn futures extend surge on volatile global weather - AgCanada](https://feedsoft.ai/events/11627-u-s-grains-wheat-soy-corn-futures-extend-surge-on-volatile-global-weather.md) | +0.3% | -1.4% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/042121-us-soybean-futures-riding-high-on-weather-concerns-tight-brazilian-supplies

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.